197
197
Nov 30, 2012
11/12
by
CNBC
tv
eye 197
favorite 0
quote 0
all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's 85 billion, that would be another $1 trillion in the american pump priming money supply after they've already done close to $2 trillion already. so we're at $3 trillion rising toward 3.5 trillion. here's my question. this stuff is not getting into middle america. like, to me, what the fed is doing is they're really helping the big new york wall street banks, helping them buy commodities, stocks, currencies, i don't see this pardon the phrase trickling down to main street community banks, small businesses. it's all sitting on
all economies want to recover. what happens is we get bad government policy that can slow the rate or even abort it. we need to look at the policy instead of continually hammering asset purchases through the fed. i think there are great risks to the fed policy, and there are very little benefits. perhaps some cost. we're buying $40 billion of bonds per month, increasing the money supply. now they're talking for various technical reasons to buy 45 billion more of u.s. treasury securities. that's...
198
198
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 198
favorite 0
quote 1
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president
it will hurt the economy allegedly. i don't buy it but that is what everyone -- >> bret: it will hurt the pentagon, correct? >> right. and the domestic spending cuts. fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want...
181
181
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 181
favorite 0
quote 0
so the result is the economy gets sicker and weaker. greece, for example, has seen its economy shrink by 7% in the last year. all of european is in recession now. the last official number was the economy actually shrank last month for all of europe as a unit. japan has been stuck for 23 years in a decaying economy. 23 years. and i think we're seeing a pressure in washington for exactly the same pattern. that's what's happening in california, in sacramento. it's what's happening in illinois, in springfield. it's what's happening in new york, in abdominal. it's big government getting bigger and bigger while the private sector gets smaller and smaller, making the debt problems even harder to deal with. >> greta: just so i understand, so do you think the wiser thing for the house republicans, republicans in the senate, is to get a 90-day deal, push things down the road for 90 days, hold hearings in the meantime and do it piecemeal? >> yes. >> greta: or better to push it off the fiscal cliff and take the draconian impact and -- >> they shoul
so the result is the economy gets sicker and weaker. greece, for example, has seen its economy shrink by 7% in the last year. all of european is in recession now. the last official number was the economy actually shrank last month for all of europe as a unit. japan has been stuck for 23 years in a decaying economy. 23 years. and i think we're seeing a pressure in washington for exactly the same pattern. that's what's happening in california, in sacramento. it's what's happening in illinois, in...
209
209
Nov 30, 2012
11/12
by
FBC
tv
eye 209
favorite 0
quote 0
the economy is growing strongly. also because one thing newt gingrich got right, is so-called fiscal cliff is not a click. it is more like a fiscal bunny hill. therris automatic tax increases and automatic ending cuts would amount to 250 a year. >> the spending cuts he would put on the table, number two, i am from the school of thought of importance. we should let president obama bought the fiscal cliff and we should stop - [inaudible] lou: we will be back with the "a-team." i would like to explore this bunny hill thing as a metaphor for the fiscal cliff. for the fiscal cliff. it is a great relief you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal atteion. which is why we are proud to partner with
the economy is growing strongly. also because one thing newt gingrich got right, is so-called fiscal cliff is not a click. it is more like a fiscal bunny hill. therris automatic tax increases and automatic ending cuts would amount to 250 a year. >> the spending cuts he would put on the table, number two, i am from the school of thought of importance. we should let president obama bought the fiscal cliff and we should stop - [inaudible] lou: we will be back with the "a-team." i...
153
153
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 153
favorite 0
quote 0
increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking it in stride. >> our main concern is our family and, of course, and we have a very large family and then next is our charities we'll be giving to. yeah. it's like how much does a person need? >> and is this man who went to a maryland gas station the other big winner? he looked excited but there is no proof it's for real. while in new york, at the united nations a different kind of history is made. >> 138. >> palestinians celebrate after the united nations general assembly votes overwhelmingly for nonmember status des price strong u.s. and israeli opposition, palestinian authority prime minister sa lem
increasing tax rates draws money away from our economy that need to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, closing loopholes and not raising rates. we think it's better for the economy, pure and simple. >> and just now, hitting the jackpot. the small town missouri couple who have had more than their share of hard times win the powerball and with the great american generous spirit are taking...
141
141
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 141
favorite 0
quote 0
. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600 pennsylvania? >> well, good afternoon, craig. as you can see the holiday decorations are going up here at the white house. but it doesn't seem like anyone is in the holiday spirit. in fact, house speaker john boehner today said that these negotiations are essentially in a stalemate. president obama as you know hit the road, went to hatfield, pennsylvania to take his case to the people of pennsylvania. trying to put pressure on republicans to get on board with his plan to increase taxes on the wealthiest americans. he made his case at a toy maker there and exceptionally said that if lawmakers can't get a deal done
. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> as the rhetoric heats up, the clock continues to tick down. after today, there are just ten legislative days on the calendar. the house announced they will be recessing one day early next would he week. joining me now from the white house, white house correspondent kristen welker. what's the latest from 1600...
177
177
Nov 30, 2012
11/12
by
KQED
tv
eye 177
favorite 0
quote 0
it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans taking risk. boehner took a risk, tom cole took a risk and he undercut them. he made them look stupid with what he did yesterday. they feel furious, they feel burned so you have to help your people along. you have to make it more possible. and so that's why i think you just got to what he offered was not only a balanced deal that would be fine if he offered something balance, he offered something even worse from the republican point of view than what he had offered a couple years ago. so he started with drawing things off the tab and it seemed like chest beats. >> we just went through an election, david. the republicans are the ones who are for medicare kurkts they really are. so w
it is a product he comes out with is good, if it is fair and just, and moves the countries economy, and starts declining the deficit then it's good. and the process will have worked. if it isn't, then we can revisit the process and say the process was flawed. >> the process getting there is the hard part. we could all in our heads draw up a deal but he has had people over the last couple of weeks, republicans taking risk. boehner took a risk, tom cole took a risk and he undercut them. he...
193
193
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 193
favorite 0
quote 0
people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were understandably frightened and now as the health care law is being carried out they recognize that this is a very consumer friendly law. and so that has changed. the issues in this past election the proper role of government, and i was running against the tea partier who wanted to shut down so much of government functions and people recognize that they really do want to have good government. but they do want efficient government and they want to make sure they're watching out for their tax dollars. they do want medicare, social security. they want those programs. they just want us to be fi
people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were...
176
176
Nov 30, 2012
11/12
by
MSNBCW
tv
eye 176
favorite 0
quote 0
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> boy, you can add another victory for the democrats and the house of representatives. north carolina's seventh district has conceded to incumbent democratic congressman mcintyre. they are already strategizing how they can take over the next net 17. it must be very hard for the party controlling the white house to win either body over in that midterm election. we'll be right back. the giants e a mascot! ohhh! eat up! new jammin jerk chicken soup has tasty pieces of chicken with rice and beans. hmmm. for giant hunger! thanks mom! see ya! whoaa...oops! mom? i'm ok. grandma? hi sweetie! she operates the head. [ male announcer ] campbell's chunky soup. it fills you up right. >>> welcome back to "hardball." it appears republicans have learned few, if any, lessons from the election they just had. and as we said last night, a party that lost overwhelmingly among women, latinos, and african-americans will h
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> boy, you can add another victory for the democrats and the house of representatives. north carolina's seventh district has conceded to incumbent democratic congressman mcintyre. they are already strategizing how they can take over the next net 17. it must be very hard for the party controlling the white house...
182
182
Nov 30, 2012
11/12
by
CURRENT
tv
eye 182
favorite 0
quote 0
standing in the world but, also for the entire global economy. clinton spoke with the brookins institute yesterday and said while europe does need to fix its own props, much of the -- problems, much of the burden is on washington to build stronger foundationsats home. house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the bush tax cuts for everyone except the top 2%. now, that's of course a pretty big gamble but since many republicans are calling for the same and back away from norquist's pledge, the democrats do feel like they have some pretty big leverage. that deal would just solve part of the problem and put much of the negotiations off until next year. we'll be right back. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden
standing in the world but, also for the entire global economy. clinton spoke with the brookins institute yesterday and said while europe does need to fix its own props, much of the -- problems, much of the burden is on washington to build stronger foundationsats home. house speaker boehner said yesterday that he was seeing no progress in negotiations but the democrats, they don't really agree with that too much. they think the g.o.p. is ready to cave in and pass the plan that would extend the...
121
121
Nov 30, 2012
11/12
by
CNNW
tv
eye 121
favorite 0
quote 0
i think the economy is lower than it was last year. slower than it was the year before, and we have this idea and notion that somehow raising taxes is going to create jobs. we have about 23 million americans looking for work. raising taxes doesn't create jobs. if we want more revenue in washington we need to grow the economy. we need to provide a moratorium for obama care. we need to talk about ways we can grow the economy and get washington out of the way so people can go back to work. >> congressman, you know, americans really want to compromise here and they want finally a plan and to resolve this fiscal cliff. will republicans now counter with their own version of a plan, and -- and if you could share some details of what that potentially would look like? >> i think one of the problems with washington in general is these things are taking place behind closed doors. that didn't work out a year and a half ago when they put together a bad deal. both sides, the president, majority leader, the speaker, that created this crisis, but the
i think the economy is lower than it was last year. slower than it was the year before, and we have this idea and notion that somehow raising taxes is going to create jobs. we have about 23 million americans looking for work. raising taxes doesn't create jobs. if we want more revenue in washington we need to grow the economy. we need to provide a moratorium for obama care. we need to talk about ways we can grow the economy and get washington out of the way so people can go back to work....
213
213
Nov 30, 2012
11/12
by
CURRENT
tv
eye 213
favorite 0
quote 0
he obviously doesn't understand the economy. you go back over his statements over the last two or three years, i don't want to have my life depend upon his decisions. >> stephanie: that's for sure. >> caller: because he has made very poor ones. i don't believe i'll repeat it, sorry to repeat it, but boehner is the key to solving this problem. >> stephanie: i agree with you. representative, i don't often say this to a first time guest but i think you're one of my new favorites. >> well, stephanie, i do watch you when i'm back in jersey. and i saw you at the convention a little bit but you were tied up and busy. i like the guys you work with because they're down to earth boots on the ground. that's the kind of guy i am. >> we would love to have you back congressman. >> stephanie: awesome to talk to you. talk to you again real soon. representative pascrell from the state of new jersey. >> people are jerks. >> stephanie: he was wrong about you two. >> i'm boots on the ground. salt of the earth. >> look, boots on the ground. >> steph
he obviously doesn't understand the economy. you go back over his statements over the last two or three years, i don't want to have my life depend upon his decisions. >> stephanie: that's for sure. >> caller: because he has made very poor ones. i don't believe i'll repeat it, sorry to repeat it, but boehner is the key to solving this problem. >> stephanie: i agree with you. representative, i don't often say this to a first time guest but i think you're one of my new favorites....
160
160
Nov 30, 2012
11/12
by
CNNW
tv
eye 160
favorite 0
quote 0
not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the house of representatives said just earlier this week we'll all pass that. i agree with him. secondly, the republicans have agreed that we need to have some sort of balance, more and more republicans are saying we need to have revenues. you cannot do it simply with cutting spending. thirdly, i don't think that anybody wants to hurt the vulnerable in america. >> no, i think -- but the question, the question here is, is on the issue of taxes for instance. the president proposed tax cuts -- i'm sorry tax increases that went beyond what they discussed before. raising the rate which would amount to $960 billion, then an additional $600 billion in tax increases that would go on the 2%. on the issues of spending, cuts, $400 billion in medicare and other entitlement savings but unspecified in next year not the specifics and not the amounts the republicans were lo
not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the house of representatives said just earlier this week we'll all pass that. i agree with him. secondly, the republicans have agreed that we need to have some sort of balance, more and more republicans are saying we need to have revenues. you cannot do it simply with cutting spending. thirdly, i don't think that anybody...
330
330
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 330
favorite 0
quote 0
we think it's better for the economy, pure and simple. and secondly, listen, the american people expect us to find common ground, to work together and to resolve this. and, frankly, sooner is better than later. >> [inaudible] >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i had to say, because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a great risk. and then the white house spends three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have in this extra spending that's actually greater than the amount they're willing to cut. i mean, it's, it was not a serious proposal. and so right now we're almost
we think it's better for the economy, pure and simple. and secondly, listen, the american people expect us to find common ground, to work together and to resolve this. and, frankly, sooner is better than later. >> [inaudible] >> no, there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me over the last three weeks, i've been very guarded in what i had to say, because i don't want to make it harder for me or the president or...
1,154
1.2K
Nov 30, 2012
11/12
by
CNNW
tv
eye 1,154
favorite 0
quote 0
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> well, he's a heartbeat away from the presidency, but every now and, again, you know the vice president's got to get out of the office for a little bit and joe biden went to the grand opening of costco's first store in the nation's capital, pro
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on...
181
181
Nov 30, 2012
11/12
by
FOXNEWSW
tv
eye 181
favorite 0
quote 0
the economy slows down. unemployment tends to go up. president obama in this latest so-called fiscal deal he is proposing much higher tax rates no spending cuts, and unlimited borrowing. i would suggest we might get the same thing here. a slower economy more unemployment. >> gretchen: moral of the story from stuart varney. we'll catch you later on today. thanks. the price of pizza and groceries going up. why you can thank obamacare for that? then they're the newest crop of zoo borns. the most exotic animals in the world are live in our studio. first on this day in 1965 "turn, turn, turn" by the birds was the number one song. i don't remember it. do you stu? n yes [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over and over again. ♪ ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >> gretchen: answer to the aflac question of the day alicia cusper. >> brian: they know who they are. they are con
the economy slows down. unemployment tends to go up. president obama in this latest so-called fiscal deal he is proposing much higher tax rates no spending cuts, and unlimited borrowing. i would suggest we might get the same thing here. a slower economy more unemployment. >> gretchen: moral of the story from stuart varney. we'll catch you later on today. thanks. the price of pizza and groceries going up. why you can thank obamacare for that? then they're the newest crop of zoo borns. the...
209
209
Nov 30, 2012
11/12
by
KGO
tv
eye 209
favorite 0
quote 0
the congressional budget office report said the benefit extension would add 300,000 jobs to the economy, but the federal price tag would be $30 billion. long-term benefits are set to expire december 29th unless congress approves an extension. >>> hostess got the go-ahead for its bankruptcy selloff plans, wiping out 18,000 jobs along with it, but twinkies and some of its other famous products will survive. the company says it is in talks with 110 potential buyers in fact. the court also allowing hostess to pay nearly $2 million to 19 executives so they can manage the bankruptcy. ah, got to love those bonuses. >>> well, fast food workers in new york city rallied for higher pay. a day-long wave of walkout at restaurants, including burger king, taco bell, wendy's, and mcdonald's. part of a drive to unionize and demand a living wage. most earn close to the minimum wage. that is just over 7 bucks an hour. >>> the lucky winners of the record powerball drawing remain a mystery this morning, keeping their identities and their newfound wealth under cover. one of the two winning tickets for the $8
the congressional budget office report said the benefit extension would add 300,000 jobs to the economy, but the federal price tag would be $30 billion. long-term benefits are set to expire december 29th unless congress approves an extension. >>> hostess got the go-ahead for its bankruptcy selloff plans, wiping out 18,000 jobs along with it, but twinkies and some of its other famous products will survive. the company says it is in talks with 110 potential buyers in fact. the court also...
247
247
Nov 30, 2012
11/12
by
CNNW
tv
eye 247
favorite 0
quote 0
the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at a presidential defeat, but they still have the majority in the house, leader for senate up for re-election. as mitch mcconnell told "the wall street journal" today h, he wants to see the president put specifics on the table. he wants to see the president make those democrats mad and say i will raise the medicare eligibility age, i will means test medicare for more affluent americans. democrats are okay with that some of them anyway. he wants to show specific entitlement cut cards and then get revenues from the republicans, but both leader mcconnell and speaker boehner right now, joe, you know t
the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at...